QumulusAI (QMLS) Director Homaira Akbari Receives Award

What Happened
Homaira Akbari, a director of QumulusAI, was granted two restricted stock unit (RSU) awards on September 1, 2026 totaling 15,621 RSUs (9,583 RSUs and 6,038 RSUs). Both awards were granted at $0.00 (no cash paid) under the QumulusAI, Inc. 2026 Equity Incentive Plan and reported on a Form 4 filed September 2, 2026. These are awards (code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-02 (timely). Accession: 0001541201-26-000002.
• Grants: 9,583 RSUs (price $0.00) and 6,038 RSUs (price $0.00) — total 15,621 RSUs.
• Shares reported to be issued upon vesting: 15,621 RSUs (included in reported beneficial ownership per the filing).
• Vesting notes from footnotes:
  • F1 (9,583 RSUs): 3,162 RSUs vest Oct 1, 2026; the remainder vest quarterly (8.375% of remaining) over eight quarters commencing Jan 1, 2027 (final installments by Oct 2028), conditioned on remaining a director.
  • F2 (6,038 RSUs): vests Oct 1, 2026.
  • F3: confirms the 15,621 RSUs are to be issued upon vesting, conditioned on continued service as a director.
• Transaction code: A = Award/Grant. Not a sale or purchase; no cash changed hands at grant.

Context

• RSU grants are a form of compensation; they vest over time and are conditional on continued service. They do not represent an immediate purchase or sale and should be viewed as compensation, not a direct market signal.
• There is no indication of immediate sale or cashless exercise in this filing.
• Filing was timely (filed one day after the grant).